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Cryptocurrency Price Today: Bitcoin and Ethereum are both up 1%, and the majority of other tokens are also up
On Wednesday, the majority of cryptocurrencies gained. The global crypto market cap was $857.8 billion, with nearly $35 billion in volume in the previous 24 hours.
Bitcoin
Bitcoin, the world’s largest and most popular virtual currency, gained 1.5 percent to $17,457.2. Its market capitalization was $336.3 billion. The total value of trade was $15.9 billion.
“This bitcoin surge could be attributed to the accumulation of whales over the last two days. If bitcoin continues to rise, it could reach the $17,500 resistance level by the end of the week “Mudrex CEO and Co-Founder Edul Patel stated.
Ethereum
Ethererum the second largest virtual currency, rose nearly 1% to $1,337.4 with a market capitalisation of $163.7 billion. In the last 24 hours, Ethereum’s trade volume was $5.8 billion.
Patel stated about Ethereum, “Following the successful implementation of the Merge, Ethereum is preparing to launch its Shanghai public testnet in February. This should improve the Ethereum network’s ability to handle high-volume transactions while also lowering costs.”
Dogecoin
A meme-based virtual currency, rose 0.9 percent on Wednesday. Its market capitalization was $10.3 billion. The total trade volume was $483.5 million.
Shiba Inu
Shiba Inu market capitalisation increased by 4% to $5 billion. In the last 24 hours, the trade volume was $420.2 million.
Solana
Solana dropped nearly 1% to $16, with a market cap of $6 billion. Solana’s trade volume in the last 24 hours was $819 million.
Polygon
Polygon’s market capitalisation increased by 1.1 percent to $7.5 billion. In the last 24 hours, the trade volume was $245.7 million.
After months of being stuck below the $17,000 mark, Bitcoin finally broke through over the weekend. BTC is currently worth $17,200, representing a profit of 1.60 percent. Bitcoin has increased by a whopping $352 between last Friday and today. On Monday, January 9, the price charts were brimming with greens as the majority of cryptocurrencies stepped into the trading rink with significant profits.
Ether, the second most valuable cryptocurrency after Bitcoin, has broken through its resistance level. According to Gadgets 360’s crypto price tracker, ETH reached $1,305 with a 3.53 percent increase. ETH’s value increased by $55 over the weekend.
Cardano and Solana – both altcoins made significant profits
While ADA increased by 19% to trade at $0.33, SOL increased by 20% to reach a valuation of $16. Both altcoins have been impacted by the volatile market momentum and have reaped profits after days of losses.
Stablecoins pegged to the US dollar, such as USD Coin and Ripple, made money alongside altcoins such as Polygon, Litecoin, Polkadot, and Tron.
Shiba Inu and Dogecoin, both meme coins, saw small gains
In the last 24 hours, the overall crypto market valuation increased by 3.19 percent. According to CoinMarketCap, the market cap has reached $849.8 billion. The valuation has increased by $33 billion in the last three days.
Even the underdog altcoins Zilliqa, NEM, Cartesi, Augur, and DIA are up today.
Binance USD, Dash, and Flex are among the cryptocurrencies that have suffered losses today.
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